Sanborn, IA (zip code 51248) is a city in the state of Iowa with a population of 1,426 according to the 2019 US census. The average rent for 2-bedrooms in Sanborn is $780 which is cheaper than the national average rent of $1,430. Grocery cost index in Sanborn is also lower than the national average at 93 versus 100.
The city has various employment opportunities with well established companies such as Danfoss, Seaboard Triumph Foods and Sioux Manufacturing Corporation providing good salaries to its citizens. Livability in Sanborn is quite affordable with comparatively low residential rents; homeowners can find an array of options when it comes to buying property with prices ranging from mid-100k to mid-200k depending on size and location.
Sanborn (zip 51248) has an unemployment rate of 3.3%. The US average is 6.0%.
Sanborn (zip 51248) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 18.5%, which is lower than the US average of 33.5%.
Tax Rates for Sanborn (zip 51248)
- The Sales Tax Rate for Sanborn (zip 51248) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sanborn (zip 51248) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Sanborn (zip 51248)
- The average income of a Sanborn (zip 51248) resident is $29,619 a year. The US average is $37,638 a year.
- The Median household income of a Sanborn (zip 51248) resident is $58,750 a year. The US average is $69,021 a year.